Does the XBRL Reporting Format Provide Incremental Information Value? A Study Using XBRL Disclosures During the Voluntary Filing Program

This study investigates whether the eXtensible Business Reporting Language (XBRL) reporting format provides incremental information value beyond the same 10K/10Q filings previously provided in HTML format. Using a sample from the XBRL Voluntary Filing Program, we document a significant increase in stock price variance on the day when voluntary XBRL reports are filed. We find market response is stronger when more content is filed on the same day. To evaluate relative information value, we decompose the quarterly return variance for three primary news announcements related to earnings including earnings announcement, HTML filing, and XBRL filing. We find XBRL filings have larger relative information value than HTML filings. Our results indicate that the XBRL reporting format provides incremental information content.     

从网络财务报告视角看会计全球化

由于经济的全球化,会计全球化已经是不争的事实,但是如何实现会计全球化,会计界对此有不同的看法以及对策.如何处理会计全球化过程中本土化与国际化这对矛盾,是会计界面临的难题.本文试图从网络财务报告视角来寻找会计国际化的策略.     

XBRL的应用研究

21世纪网络财务报告取代传统财务报告将成为不可逆转的历史潮流.本文介绍了XBRL的产生与发展背景,分析了XBRL应用的优势及存在的问题,并对我国广泛推广XBRL提供了建议.     

XBRL环境下的财务披露模式

网络技术的进步与XBRL的发展为财务披露改革创新提供了条件。本文在阐述XBRL主要技术特性的基础上,提出一种＂实时互动式的按需提供财务信息＂的新模式。